Figure 15-6 Figure 15-6 Shows the Cost and Demand Curves for a and Demand

Multiple Choice

Figure 15-6

Figure 15-6 shows the cost and demand curves for a monopolist.
-Refer to Figure 15-6.The profit-maximizing output and price for the monopolist are

A) output = 62; price = $24.
B) output = 62; price = $18.
C) output = 83; price = $22.
D) output = 104; price = $20.80.